Retiring babyboomers are driving a shift from retirement-fund accumulation to decumulation, but they need better choices to protect against longevity risk. The author says to enhance retirees' options, policy reforms should level the playing field for annuity products and promote market-driven...

This article describes and generalizes a validation study of four commercially available personal financial planning expert systems and the rationale for the research methodology used. Our evaluation of these systems adds to the understanding of verification and validation issues related to case...

This paper examines factors explaining the underutilization of capacity observed in prior capacity studies. The paper expands previous works in capacity theory by including improved empirical measures for several variables and by explicitly considering reinsurance effects. Two separate estimates...